Wednesday, December 19, 2012

Dividend Machine for week of 12/17/2012 York Water Company, YORK

York
Water Company’s most recent quarterly report says a lot about this company
being included in my list of dividend machines for 2012.

News Release

THE YORK WATER COMPANY
ANNOUNCES AN INCREASED 568th DIVIDEND

196 CONSECUTIVE YEARS:
LONGEST DIVIDEND RECORD IN AMERICA

York, Pennsylvania,
November 20, 2012: The York Water
Company's (NASDAQ:YORW) President and CEO, Jeffrey R. Hines, announced today
that the Board of Directors at their November 19th meeting
declared a quarterly dividend of $0.1383 per share, an increase of 3.5%.The
annualized dividend yield based on yesterday’s stock market closing is about
3.2%. The dividend ispayable January 15, 2013 to shareholders as of record
date December 31, 2012.

This
is the 568th consecutive dividend to be paid by The York Water
Company and is the sixteenthconsecutive year that the Company has increased
its dividend. York Water, which is the oldest investorowned utility in the
nation, has paid dividends for 196 consecutive years beginning in 1816. This
is believed to be the longest record of consecutive dividends in America.

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Covered Call Opportunities

Square, symbol SQ, is my current favorite stock that is not a dividend machine. To turn it into an income investment, I use SQ's volatiity to buy when it dips and sell calls. See the table above. Note that this call is not included in the post published on 12/12/18 M*

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TheMoneyMadam's Story

My income investing success came from my experience managing my and other people's money since 1993. Successful income investing requires discipline. In this blog I provide specific investments based on my principles of conservative income investing. I hope to help the thousands or even millions of people who have saved and want to invest their nest eggs to retire with income that grows. M* MoneyMadam

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Information on this blog does not constitute investment advice. Review or mention of any stock, bond, or other investment shall not be considered a buy or sell recommendation. Everything in this blog is the opinion of the author and no warranties are expressed or implied. M*MoneyMadam.